Daily Recap: Monday, July 20, 2020

Forex:

• EUR/USD Maintains Upward Trend
• FX Option Expiries for July 20 NY Cut

Cryptocurruncies:

• Bitcoin: Fails to Live up

Commodities:

• Oil Futures Close Higher
• Gold Prices Settle Higher and Silver Maintains Gains
• Silver Surges to Highest Level in Four Years
• Gold Rises on Increased Covid-19 Cases

Stocks:

• Wall Street Closes Higher and Nasdaq Breaks New Record
• European Stocks Settle Higher
• NYSE Mixed at Early Trade
• Europe Stocks Lower Amid Confusion Over EU Summit
• Asian Shares Down Before European Summit

Economic Data:

• Eurozone Current Account Surplus Drops Further

Remarks:

• Haldane: BoE Considers Quantitative Easing
• Tenreyro: Lower Rates Won’t Raise Spending
• Spain’s Sanchez: EU Recovery Plan Might be Reached in Hours
• Macron: Achieving COVID-19 Recovery Deal is Likely
• UK’s Johnson on COVID-19 Vaccine: We’re Not There Yet
• Merkel Warns of Summit Failure on EU Recovery Fund

Reports:

• EU Leaders Nearing Agreement on Recovery Fund
• Market Weekly Overview